2 Summit RoadColumbiaCT06237
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Columbia at 2 Summit Road, Columbia, CT, 06237 listed at $429,900 pairs $0/mo rent with a $2,104/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -4.69% in year one, and rental yield registers 0% at a $429,900 basis. Equity gained on principal adds $2,774/yr, and annual property appreciation at 5% supports $118,773 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,104/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06237, Columbia, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,272 (100%) |
| Owner Occupied HU | 1,914 (84.2%) |
| Renter Occupied HU | 182 ( 8.0%) |
| Vacant Housing Units | 176 ( 7.7%) |
| Median Home Value | $361,831 |
| Average Home Value | $389,323 |
Housing Distribution
Address Breakdown
Residential
2,135
Single Family
2,112
Multi-Family
23
Businesses
115
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No similar rental properties found nearby.
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Listed by: Eric Babbitt • LPT Realty
Mls Name: Smart MLS
Mls ID: #24146187